Los Angeles County Employees’ Retirement Association, Pasadena, Calif., committed up to £25 million ($51.3 million) to Exponent Private Equity Partners II, subject to negotiations, said Christopher J. Wagner, senior investment officer, private equity, for the $42 billion fund.
Separately, fund officials plan to search in the first quarter for a manager to run a discretionary $3 billion portfolio of midmarket private equity investments, Mr. Wagner said. Further details have not been set.
